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Bond counsel outlines parameters for up to $21 million in possible district bonds; board hears timeline
Summary
Bond advisors updated the Conestoga Valley board on a possible parameters resolution authorizing up to $21 million in general-obligation bonds (the district expects about $15 million). Counsel described required filings under the Local Government Unit Debt Act and a planned June rate lock and July closing; no bond vote was recorded.
Bond counsel told the Conestoga Valley School District board May 19 that the district is preparing a parameters resolution under the Local Government Unit Debt Act to authorize general-obligation bonds to fund capital projects, including elementary-school renovations.
Mr. Kramer of Raymond James reviewed the financing timetable and said the district is aiming for a $15 million issue for projects already on its capital list. "We're gonna have our rating call. We don't expect any…
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